9 Sep 2018

Miami Springs Real Estate Market Report September 10th,2018

by leonardrealestategroup | posted in: blog | 0

How Long Should You Live in Your Home?

6 Signs It's Time to Move On

Ten years. That’s the average amount of time a homeowner stays in a house, according to the National Association of Realtors®.Think that sounds shockingly short? Or way too long? The fact is, people's reasons for selling their home are different, as are their time frames.

Still, there are some common threads—financial and emotional—that lead us to…READ MORE

2 out of 3 Economists

Expect a Buyer’s Market by 2020

Annual home-value appreciation has been faster in 2018 than it was in 2017, and inventory has fallen on a year-over-year basis for 42 consecutive months. These conditions have put sellers in the driver's seat for the past few years.

Recently, though, data suggest the balance may be starting to tilt back toward buyers. Home-value growth is slowing in more than half of the nation's 35 largest metros, and price cuts are becoming more common. But even in those markets where appreciation has slowed, it... READ MORE

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The Current Miami Springs Market

The Miami Springs and Virginia Gardens markets continue to be very strong. The demand is high for any property under $400,000, but the inventory remains low. and the lack of affordable entry level homes will be an obstacle for first time home buyers.

Its a Seller's market but although the inventory is tight there are still very good buying opportunities for buyers

IT REALLY IS A GOOD TIME TO BUY OR SELL.

The market continues to show activity. The pending sales however were flat last week again. During the period of August 31st, through September 7th, 2018, there were 3 new listings, 1 closed sale, 0 pending sales, and 1 expired listing.

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, September 7th, 2018. All closed sales are within last 90 days.

HOW DOES YOUR HOUSE COMPARE?

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

A complete list of all the properties for sale in Miami Springs or any other area of Miami-Dade County can be sent to you on regular basis. Request it at: charlie@leonardrealestategroup.com

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